The Republican. [volume] (Oakland, Md.) 1877-current, 1887-04-30
Business Review.

New YORK, April o. R. G. Dun
& Co.'s weekly review of trade says ::
Unusual weather binders trade. EX-
tensive snow storms late in April
with strips and patches of snow still
on the ground at this date around
New YORK account for no little en-
barrassment in the various branches
of business. 1t is a cOmpensating
fact that the long drouth at the West
is broken, and the copious rains help
the crop prospect. But the outlook
of dry goods is especially affected by
the unreasonable weather. which
adds to the apparent depression caus-
ed by unwonted purchases of stocks
last month in order to anticipate
changes of rates,
The market for wooden drags, and
is unsatisfactory, and while cotton
staples are firm, print cloths are
weaker. Raw cotton does not adj
vance. though receipts are small and
wool has been weak, though the hope
is expressed that the bottom has been
reached.
Iron is dull at Philadelphia with
prices of some grades marked down
there and at Pittsburgh ; bar irons is
lower and the entire market is fever.
! ish with symptoms of weakness.
Wheat is held by a reported cor
ner, but scarcely advanced cent.
Pork products are little weaker
and oil is dull.
Coffee has been suddenly advanced
a cent by speculative methods.
Leather is in better demand and
boot and shoe orders are decidedly
improved. The rubber market is ex-
cited. Stocks have turned downward
with an average decline for the week
of half a dollar per share.
For much of the embarrassment,
changes in the rail rates under the
Interstate act is responsible, Many
think as the Commission apparently
does, that railroads have made the
law an excuse for unnecessary ad
vances in rates, but the broad fact
remains that the great part of the
business of the country has been built
up under a system of special rates to
encourage especial localities or trades.
The chief intent of the act is TO pro-
hibit such special faVOrs. An inevi-
table result is that industries and
business at a great number of places
are disturbed.
Foreign and interior trade contin-
ues fairly active. Exports from New
York show an increase of II per cent
oyer last year, but are declining,
against an increase OFF, per cent in
imports with an advancing ten
dency.
AT some Southern points business
is so dull that the country merchants
in unusual numbers are asking eX-
tensions, but collections generally
are fair and prompt, Money would
be very abundant but for eXtraordi-
nary demands in real estate specula-
ton and building. AT New York
alone plans have been filed in three
months calling for an expenditure OF
$50, 800, 900 in building and, the mort
cages amount to $35, 100000 for a
quarter. At the same rate through
out the country the new mortgages
would aggregate $1,000. 100000. and
new buildings would cost $1,400,-
600, 600.
A Chicago journal reports q ,347
miles of new railway building pro-
posed for the year and 1856 miles of
track to be reIaid, which would cost
over S600,000,000. With such de-
mands it is not strange that any dis
turbance in the usual trade and pro-
ductive industry of the country is
felt.
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Citizens of Allegheny City, Pa,